BlackRock Floating Rate Income Trust (BGT) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BGT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BGT
BGT charges 1.74% annually. There are 56 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | BGT vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | BGT vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | BGT vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | BGT vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | BGT vs LFRIX |
Best Risk-Adjusted Alternatives to BGT
BGT has a PortfoliosLab risk / return rank of 2. There are 61 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | BGT vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | BGT vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | BGT vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | BGT vs SAMBX | |
| PGIM Floating Rate Income Fund | 96 | — | Mar 2011 | BGT vs FRFZX |
Top Performing BGT Alternatives (YTD)
BGT is at 1.58% YTD. There are 27 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.74% | — | Dec 2009 | BGT vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 3.54% | — | Jan 2017 | BGT vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 3.03% | — | Feb 2006 | BGT vs SAMBX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.87% | — | Jun 2023 | BGT vs CAPIX | |
| Credit Suisse Floating Rate High Income Fund | 2.86% | — | Mar 1999 | BGT vs CHIAX |
Lowest Volatility Alternatives to BGT
BGT has 9.87% 1-year volatility. There are 60 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.76% | — | Sep 2016 | BGT vs RCRIX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | BGT vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.35% | — | Sep 2013 | BGT vs DFLYX | |
| Dunham Floating Rate Bond Fund | 1.68% | — | Oct 2013 | BGT vs DAFRX | |
| Donoghue Forlines Risk Managed Income Fund | 1.68% | — | Dec 2017 | BGT vs FLOTX |
Lowest Drawdown Alternatives to BGT
BGT has a 1-year max drawdown of -11.06%. There are 61 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | BGT vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | BGT vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | BGT vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | BGT vs PSFIX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | BGT vs CFOIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 40 | 15.17% | — | Sep 2021 | BGT vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 62 | 10.45% | — | Jul 1993 | BGT vs WFSPX | |
| BlackRock Global Equity Market Neutral Fund Class ... | Equity Market Neutral | 96 | 11.18% | — | Dec 2012 | BGT vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 60 | 11.17% | — | May 2011 | BGT vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 71 | 10.57% | — | Dec 1991 | BGT vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 56 | 10.47% | — | Jul 2010 | BGT vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 45 | 6.96% | — | Aug 2005 | BGT vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 40 | 28.69% | — | Apr 2000 | BGT vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 75 | 6.57% | — | Oct 2007 | BGT vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 69 | 12.59% | — | Sep 1999 | BGT vs FAMRX |
Often Compared With BGT
Investors most often compare BGT with VGT, EFT, MPV. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare BGT with Any Fund or Stock
Compare BGT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BGT with funds that move differently
BlackRock Floating Rate Income Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BGT.
Explore BGT Diversifiers